Reinsurance Group of America, Incorporated $RGA Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its stake in Reinsurance Group of America, Incorporated (NYSE:RGAFree Report) by 69.4% in the first quarter, Holdings Channel.com reports. The firm owned 8,106 shares of the insurance provider’s stock after selling 18,400 shares during the quarter. Hsbc Holdings PLC’s holdings in Reinsurance Group of America were worth $1,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Securities Inc. raised its stake in Reinsurance Group of America by 3.6% during the fourth quarter. Principal Securities Inc. now owns 1,490 shares of the insurance provider’s stock worth $303,000 after purchasing an additional 52 shares during the period. Rehmann Capital Advisory Group increased its holdings in shares of Reinsurance Group of America by 1.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 4,281 shares of the insurance provider’s stock worth $819,000 after buying an additional 54 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Reinsurance Group of America by 6.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 974 shares of the insurance provider’s stock worth $198,000 after buying an additional 56 shares during the period. Covestor Ltd boosted its holdings in Reinsurance Group of America by 12.2% in the fourth quarter. Covestor Ltd now owns 533 shares of the insurance provider’s stock valued at $108,000 after acquiring an additional 58 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Reinsurance Group of America by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after acquiring an additional 58 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Insider Activity

In related news, EVP Ronald Herrmann sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the transaction, the executive vice president directly owned 3,938 shares of the company’s stock, valued at approximately $829,264.04. The trade was a 64.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John W. Hayden sold 414 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total value of $88,989.30. Following the transaction, the executive vice president directly owned 20,949 shares in the company, valued at $4,502,987.55. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on RGA. TD Cowen upped their price target on Reinsurance Group of America from $212.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday. Wall Street Zen raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. boosted their target price on Reinsurance Group of America from $270.00 to $286.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Wells Fargo & Company increased their target price on shares of Reinsurance Group of America from $261.00 to $269.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Finally, Evercore restated an “outperform” rating and issued a $267.00 price target on shares of Reinsurance Group of America in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $255.00.

Read Our Latest Analysis on Reinsurance Group of America

Reinsurance Group of America Stock Up 0.0%

Shares of NYSE RGA opened at $238.93 on Monday. Reinsurance Group of America, Incorporated has a 12-month low of $165.52 and a 12-month high of $245.00. The company has a market cap of $15.65 billion, a P/E ratio of 12.94 and a beta of 0.47. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average price of $216.78 and a 200 day moving average price of $210.87.

Reinsurance Group of America (NYSE:RGAGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, beating the consensus estimate of $6.03 by $0.94. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The firm’s revenue was up 23.5% compared to the same quarter last year. During the same period last year, the company posted $5.66 earnings per share. Research analysts anticipate that Reinsurance Group of America, Incorporated will post 26.84 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 20.15%.

Reinsurance Group of America Company Profile

(Free Report)

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.

See Also

Want to see what other hedge funds are holding RGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reinsurance Group of America, Incorporated (NYSE:RGAFree Report).

Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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